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The Dollar And The Pound Are Sagging, And The Loonie Is Soaring

Friday, 25 Feb 2011 | 9:53 AM ET

Two GDP reports rankle and oil continues to ripple through the currency markets. Here's your Friday FX Fix.

The dollar still can't get a break. This morning's problem is the downward revision to fourth-quarter GDP. [WSJ]

Ditto the poundafter release of disappointing fourth-quarter GDP figures in Britain. [Nasdaq]

The Canadian dollar is getting a lift from higher oil prices. Finally. [WSJ]

Are Asian currencies at risk of a sharp fall due to higher oil prices? Deutsche Bank thinks so.

Italy's Mario Draghi, a leading candidate to take over at the European Central Bank, says he's serious about fighting inflation, but he still can't get enough love from France or Germany. [NYT]

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